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Using the specific identification method: a. Calculate the ending inventory. b. Calculate the cost of goods sold. Date Units purchased Cost per unit Ending inventory
Using the specific identification method:
a. Calculate the ending inventory.
b. Calculate the cost of goods sold.
| Date | Units purchased | Cost per unit | Ending inventory | ||
| June 1 | 14 Echo Shows 360 | $ | 284 | 4 Echo Shows from June | |
| July 1 | 50 Echo Shows 360 | 259 | 10 Echo Shows from July | ||
| August 1 | 68 Echo Shows 360 | 249 | 7 Echo Shows from August | ||
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Japanese Management Accounting Today Japanese Management And International Studies Volume 2
Authors: Masanobu Kosuga, Yasuhiro Monden, Shufuku Hiraoka, Yoshiyuki Nagasaka, Noriko Hoshi
1st Edition
9812700811, 978-9812700810
